Delio, Ripple and Tether Lending Services
[Asia Economy Reporter Hyungsoo Park] Crypto bank Delio announced on the 26th that it has launched lending services for Ripple (XRP) and Tether (USDT).
Ripple lending is a service that allows loans using Ripple as collateral. Tether lending supports loans using Bitcoin (BTC), Ethereum (ETH), and Ripple as collateral. Delio lending does not affect or change personal credit information. There are no early repayment fees, allowing users to freely choose the lending period. At maturity, repayment can be made either in Korean won or in numeric terms, enabling leveraged profits based on price fluctuations.
Kim Donghoon, Chief Operating Officer (COO) of Delio, said, "Ripple's price volatility is expected to increase depending on the SEC lawsuit results in March," adding, "We anticipate high demand for Ripple lending." He also added, "With the growth of DeFi, demand for USDT is also increasing."
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Kim Namseok, Vice President of Delio, explained, "Since last year, we have strengthened our financial expertise by recruiting financial professionals from securities firms and investment banks (IB)," and "By acquiring a Virtual Asset Service Provider (VASP) license last year, we have secured legal and institutional stability." He emphasized, "Based on five years of virtual asset business performance and expertise, we will grow into a regulated virtual asset specialized bank."
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